Y & D Collins Limited Acquires Retail Property On Collins Avenue, Miami Beach For $5.5M
6644 Collins Ave Miami Beach, FL 33141, USA
$5,500,000
$632/SF
Building Size
8,700 SF
Asset Type
Retail
Closing
Jul 19, 2023
About this deal
AI
The property involved in this transaction is a retail space located at 6644-6650 Collins Avenue in Miami Beach. The property spans 8,700 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $632. The buyer, Y & D Collins Limited, represented by Haim Yehezkel, purchased the property from the seller, Jonas Family Trust.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 6644-6650 Collins Avenue, Miami Beach
- Market: Miami Beach
- Buyer: Y & D Collins Limited - Haim Yehezkel
- Seller: Jonas Family Trust
- Buyer's Representative: Greg Greer - Charles Rutenberg Realty
- Seller's Representative: Nelson Gonzalez - Berkshire Hathaway HomeServices
Greg Greer from Charles Rutenberg Realty represented the buyer, while Nelson Gonzalez from Berkshire Hathaway HomeServices represented the seller in this transaction.
On the Map
$5,500,000
$632/SF
Retail
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Players
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93